Unemployment in Kazakhstan

Kazakhstan Unemployment | Economic News & Forecasts

Kazakhstan - Unemployment

On 19 March, President Nursultan Nazarbayev unexpectedly resigned after three decades ruling the country. As specified in the constitution, the Senate speaker, Kassym-Jomart Tokayev, has taken the reins until next year’s presidential election decides Nazarbayev’s successor. While a high degree of policy continuity should prevail on the economic front, the transition will likely delay the implementation of key structural reforms and privatization plans. The change in power comes as the economy grapples with lower oil production—due to maintenance works at the Kashagan, Karachaganak and Tengiz oil fields—which has constrained oil revenues. Moreover, economic activity grew at a softer pace, on average, in the first two months of Q1 2019, compared to the previous quarter. A downturn in the manufacturing sector, largely due to China and Russia’s slowdown, has caused overall activity to weaken.

Kazakhstan - Unemployment Data

2013  2014  2015  2016  2017  
Unemployment Rate5.2  5.0  5.1  4.9  4.9  

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Kazakhstan Unemployment Chart

Kazakhstan Unemployment
Note: Unemployment as % of active population (aop).
Source: Agency of Statistics

Kazakhstan Facts

Exchange Rate377.40.32 %Apr 22
Stock Market0.10.0 %Apr 19

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